Shiba Inu Burned 31,059,157,423 Tokens In May
In May, the Shibburn network, which tracks SHIB burn transactions and regularly destroys meme currencies, has recorded almost 31 billion Shiba Inu trapped in unspendable wallets.Over the last seven days, a total of 31,059,157,423 canine tokens with 1,331 transactions. and out of the circulating supply, according to Shibburn.
So, when may we expect to witness the effects of Shiba Inu burning? The broader crypto market must first experience a period of relative stability. It’s debatable how long that interval would have to last. Best guess is that at least two or three months will suffice.Burning at high levels for an extended period of time would also be required. It shouldn’t be too difficult to meet this requirement.
Source
@Doge_ShibaInu
